Recent Posts
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Sunday
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Saturday
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If only we’d built those offshore wind turbines, eaten more cricket-burgers, we could have stopped the floods, right?
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Friday
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If UK had never tried renewables, each person would be £3,000 richer
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Thursday
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New AI data centers will use the same electricity as 2 million homes
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Wednesday
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No one knows what caused the Blackout but Spain is using more gas and nukes and less solar…
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Tuesday
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Monday
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Sunday
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Half of Australia doesn’t want to pay a single cent on Net Zero targets
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Saturday
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Secret comms devices, radios, hidden in solar inverters from China. Would you like a Blackout with that?
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Friday
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LSE junk study says if men didn’t eat so much red meat we’d have nicer weather
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Thursday
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Now they tell us? Labor says new aggressive Net Zero policy they hid from voters “is popular”
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Wednesday
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British politics in turmoil after Reform’s wins — Greens Deputy even attacks Net Zero from the left
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Tuesday
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Monday
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Sunday
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Children of 2020 face unprecedented exposure to Extreme Climate Nonsense…
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Saturday
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60% are skeptics: Only 13% of UK voters say Net Zero is more important than cost of living
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Friday
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Climate change is causing South Africa to rise and sink at the same time
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Thursday
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Why is the renewables industry allowed to sponsor political advertising in schools and call it “education”?
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Wednesday
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In trying to be a small target, the Liberals accidentally disappeared
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Tuesday
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Monday
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The best thing about the Australian election was that Nigel Farage’s party won 30% in the UK
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Sunday
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Saturday — Election Day Australia
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Vote for freedom…
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Friday
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Bombshell: Sir Tony Blair says climate policies are unworkable, irrational, and everyone is afraid of being called a denier
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Thursday
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Blackout in Spain to cost 2-4 billion Euro, likely due to solar plants — blind and biased ABC says “cause is a mystery”
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Wednesday
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Days after Spain reaches 100% renewable, mass blackouts hit, due to mysterious “rare atmospheric phenomenon”
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Tuesday
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Help needed: Site under DDoS attack from hundreds of thousands of unique IPs this week — especially China and the USA
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Monday: Election Day Canada
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When the Labor Party talk about “The Science” the Opposition can easily outflank and outgun them with bigger, better science
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Saturday
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UK Gov spends £50 m to dim sun to create slightly less beach weather
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Friday
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By Jo Nova
If it was the end of a Big Green Bubble, it would look a lot like this…
Australia is still launching itself to Net Zero Land at the top of the Magic Faraway Tree. There was no election in Australia, and no change to the green policies. Yet, a month after the US banks quietly peeled themselves away from the Globalist Banker Blob, the first Australian bank starts backing away slowly too. They don’t explain why in any convincing fashion. Have they just lost the faith that renewables are going to work, or is this just the end of the subsidy train with the collapse of the USAID grift and graft?
Banks must hold firm on net zero
Kyle Robertson, Senior banking analyst, Australian Financial Review
This decision by Macquarie makes little sense, prioritising political expediency and short-term financial interests over the longer-term viability of its business and the economy.
Macquarie Bank has sent shockwaves around the world by quietly announcing it has quit the Net Zero Banking Alliance (NZBA) this week, taking the dubious honour of being the first major Australian financial institution to pull out of a global […]
By Jo Nova
It’s become a flood
It’s a good start to 2025 — just quietly, the money is exiting the Monster Banker Climate Cartel. Since the Trump win, the bankers are running away suddenly from the United Nations “Net-Zero Banking Alliance” (NZBA) which is a sub-part of GFANZ (the Glasgow Financial Alliance for Net Zero) — the world’s largest and richest climate activists club. GFANZ is the public face of every kind of global financial-bullying-to-save-the-world. Economically, the monster collective could eat whole nations for breakfast. At one point the collective assets-under-management were as valued at the fantastical conglomeration of $130 trillion. It is the hydra-head hissing at superannuation funds and national treasurers that don’t comply with sacred green goals. Who cares what the voters want?
The latest round of quiet banker departures started with Moody‘s and Goldman Sachs, a month ago. Only two days ago RealClear Energy took heart that ” U.S. behemoths Bank of America, Citigroup, JP Morgan, Morgan Stanley, and Wells Fargo were still in the NZBA”. But Wells Fargo quit a week ago, and under the cover of New Years Eve parties, the Bank of America, and Citigroup have jumped ship too. No one seems […]
Naturally the Big Bankers dress up in trees and rivers… they wouldn’t wear the Dracula Cape when people are looking, would they?
By Jo Nova
The biggest climate bullies on the planet just got a bit smaller. There are two monster climate banker clubs in the world, and yesterday, one of them, the “Climate Action 100+” lost three of the six largest asset management funds in the world, namely JP Morgan Chase, State Street and BlackRock.
State Street manages about $3.6 trillion in funds, JP Morgan Chase about $3 or $4 trillion, and BlackRock $10 trillion, so that’s something like $17,000 billion dollars that just left the ranch. The fact that this kind of money was all grouped together in a cabal of any sort is bad enough, but ponder that now, after the biggest fish have left the tank, there’s still $50 trillion left in assets on the inside.
It appears the Climate Action 100+ group had grown too big for its boots — the new Climate Action 100+ “phase 2” strategy expected asset managers to actively hound companies to cut their emissions.
An ESG Asset Manager Exodus
The Wall Street Journal
February 17th, 2024 | Tags: Bankers, Climate Action 100+, Climate Money, ESG, GFANZ, United Nations (UN) | Category: Global Warming | Print This Post | |
by Jo Nova Banks suddenly threaten to abandon the Glasgow GFANZ “climate action” group
It was the massive miracle-funding coalition of Glasgow but it is already starting to unravel as the banks figure out that conspiring to force “climate action” puts them at risk of antitrust suits.
A month ago I wrote that 19 US States were pointing out that it’s not OK for asset managers like BlackRock and co to join together in cartels to block investment in fossil fuels. These corporations bragged about belonging to groups like GFANZ (the Glasgow Financial Alliance for Net Zero) as if it made them into saintly environmentalists. But belonging to the group meant they are also effectively restraining trade, reducing competition and acting against the interests of their clients and against the wishes of voters.
Don’t underestimate how important this is or how ugly these monster cartels are: GFANZ has attracted some 500 members which control $130 trillion in assets. But the carbon targets they are told to aim for are set by the UN through something called the Race-To-Zero campaign. So this is a quasi World Government in cahoots with world bankers. Like a Great White Shark meets a pod […]
Hands Up: It’s Net Zero now or a 1.5% interest rate hike?
So Australia is adopting Net Zero because the Global Financiers, who only want to save the world, would have refused to lend us money without jacking up our interest rates by 1.5%. The banker punishment would have meant a “17% investor exodus”. Fancy a stock market collapse?
This remarkable admission comes in the modeling released today by the Morrison government. No one is even trying to hide it.
At least we can stop pretending this has anything to do with science or the voters. Just cut out the IPCC and go straight for the BlackRock Temperature Tax, eh?
Note the “penalties” are imposed by global financiers:
Modelling shows real cost of no net-zero carbon emissions
Greg Brown and Geoff Chambers, The Australian
Businesses and households would have faced interest rate hikes of up to 1.5 per cent under expected penalties imposed by global financiers if the government had failed to adopt net zero emissions by 2050, modelling for the Glasgow climate package shows.
The penalty regime would have sparked a 17 per cent investment collapse by the middle of the […]
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JoNova A science presenter, writer, speaker & former TV host; author of The Skeptic's Handbook (over 200,000 copies distributed & available in 15 languages).

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